Politics

Latino men, younger voters, the economy: 5 stats that help explain Trump's victory

Donald Trump
Brandon Bell/Getty Images; iStock; Rebecca Zisser/BI
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Donald Trump won the 2024 election in a comfortable victory over Vice President Kamala Harris.

These five statistics help explain how he did it.

Democrats' lead with young voters fell by 11 points

America's younger voters shifted to the right in 2024, exit poll data released by the major news networks indicated.

(A major caveat: Exit polls have a wide margin of error and as vote counts are finalized, more precise data will emerge. For now, this is what we've got.)

It's potentially yet another sign of a Gen Z cohort not quite sold on the Democratic party.

In the youngest age bracket, 18-29, Democrats saw their lead cut by almost half. A 24-point advantage under Joe Biden in 2020 fell to 13 points for Harris.

Gen X — the 45-64 bracket — favored Trump, the exit poll said, by a much bigger margin than in 2020.

A wrinkle: Those aged 65 and older broke slightly in favor of Harris.

Trump got a 33-point swing with Latino men

Compared with 2020, Latino voters, who make up about 12% of the electorate, had an over 25 percentage point swing toward Trump, based on the exit polling.

The exit poll found that Latino men drove Trump's gain, as they voted for him over Harris by 10 points.

That eviscerated a 23-point lead for the Democrats that existed under Biden.

Harris retained a 24-point lead among Latina women, but it was still a small margin than for Biden.

Democrats expected some losses in the Latino vote compared to 2020 but not to this extent.

For two-thirds of voters, it was the economy, stupid

The economy was top of mind for many voters — throughout the election, many ranked it as their No. 1 issue.

About two-thirds of voters felt the economy was either "not good" or "poor," exit poll data showed.

These economic frustrations likely pushed the needle toward Trump.

45% said their financial situation is worse than at the last election, compared to 20% of 2020 voters who felt they were worse off than in 2016.

Rural and suburban voters swung red

Trump won or is on pace to win all seven swing states this election.

Biden won Georgia, Wisconsin, Michigan, Pennsylvania, Nevada, and Arizona last cycle, while narrowly losing North Carolina to Trump.

On a county level, rural areas remained Trump stalwarts, with support in those areas growing from 2020, the exit poll said.

The suburbs — which swung slightly left in 2020 and broke for Biden — turned slightly red again.

Cities remained strongly blue.

A county-level analysis by The New York Times found that over 90% of counties with mostly finalized results as of Wednesday morning shifted more red.

Harris' side outspent Trump's by $300 million — and still lost

Harris's campaign committee spent nearly 2.5 times as much as Trump's campaign from the start of this year to mid-October, based on the latest FEC filings.

The filings showed $881 million spent by Harris' official campaign, with $355 million for Trump's.

Outside groups like super PACS took total spending far higher, to $3.5 billion, the most in history.

Per the Financial Times, that shook out at $1.9 billion for Harris and $1.6 billion for Trump.

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Joshua Nelken-Zitser
Joshua Nelken-Zitser is an award-winning correspondent at Business Insider’s London bureau covering the affordability of modern life.Through features, investigations, on-the-ground reporting, and As Told To essays, he explores the changing cost of major life milestones, what people choose to spend on when they can’t afford everything they want, and how they adapt as traditional markers of success become less attainable.Joshua previously spent five years on the news desk, reporting from the US, across Europe, and the Middle East.  In 2025, he moved to the business desk to cover wealth, spending, and consumer culture.In 2024, he received the Axel Springer Award for Change — Journalistic Piece of the Year and was highly commended at the British Journalism Awards for an investigation into state-subsidized gender-transition surgeries in Iran.His debut book (TRAUMA BONDS: How Generational Trauma Shapes, Divides and Connects Us) will be published by HarperCollins in January 2027.Got a tip? Email jzitser@jkmperu.com. You can also follow him on X or Instagram.
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Juliana Kaplan
Juliana Kaplan is a senior reporter on the economy team, where she covers the labor force, kitchen table economics, and the people behind the numbers.She covers everything from DOGE to taxes to dynamic pricing to Mormon-mania in the US. She also frequently contributes longform pieces to BI's Discourse section on topics ranging from the economics of keeping you annoyed to the rise of greedflation.She graduated from Barnard College of Columbia University in 2019 with a bachelor's degree in English, concentrating in Creative Writing.You can email her at jkaplan@jkmperu.com, message her on Signal at julianakaplan.33, or follow her on LinkedIn. You can also find her on Reddit at u/julianakaplan.
Noah Sheidlower
Noah Sheidlower
Noah Sheidlower is a senior economy reporter with Business Insider. He covers retirement, aging, age tech, and employment trends.Noah reported a monthslong, award-winning series called 80 Over 80 about what working at 80 and older looks like. The 300-interview series includes over a dozen features and chronicles the lives of people like an 81-year-old Home Depot worker battling heart failure, a 93-year-old woman searching for a job, and an 85-year-old bus driver who died at work.In 2024, Noah led a 17-story retirement series on the regrets older Americans have about their lives. He has also reported on how Americans have navigated unemployment, what compels Americans to move, and how mass deportations could impact the economy. He has appeared on SiriusXM Business Radio, Vox, and CBS News to discuss his reporting.Noah received his Bachelor's in Sociology and English from Columbia University. Noah has covered the restaurant industry, transportation, retail, and markets for CNBC, NBC News, CNN, and The Atlanta Journal-Constitution.